Tips for a Successful Open House

open house sign

HOW TO PREPARE YOUR HOME FOR AN OPEN HOUSE

This post assumes you have made all of the major repairs and upgrades in your home to flip and it is now time to put your house up for sale and schedule an open house.

An open house is a great opportunity to show off all of your hard work and investments and to sell the value of the home to interested buyers. However, the home needs to be in excellent condition before anyone arrives.

You will want to tidy up around the home, including dusting and vacuuming, and be sure to show off all natural lighting in the home. It’s also a nice touch to display fresh flowers and light a scented candle somewhere in the home.

Beyond those small touches, there are some larger chores necessary to complete before the open house:

HIRE A STAGER

Do you know what a home stager is? Home stagers bring trendy and stylish furniture and décor to an empty house in order to help create the appearance of a well designed and lived-in home. Depending on the quality of home stager you hire, the cost can add up fast but I find it is an excellent invest that helps to sell a home fast, sometimes even during an open house.

CARPET CLEANING

I recommended that you tear out carpet and install hardwood floor instead. But if you chose to carpet some of the rooms in the home, such as the bedrooms, you will want to hire a local carpet cleaner in your area before the open house. New carpet needs to be cleaned to remove fumes and chemical compounds from the floor. I’ve used Champion Chem-Dry, a carpet cleaning company in Tampa, on many occasions before an open house and it leaves behind a fresh scent and appearance.

INVITE FRIENDS & FAMILY

You don’t want the open house to be empty when potential buyers arrive. Invite some of your friends and family to each open house to fill the space. This will create the appearance that the home is a desired property and that if anyone is interested in buying it they will want to make an offer sooner or later.

TURN ON THE TV

If there is a major sporting event on during the open house, I recommend turning it on on the TV in the home. You don’t want a man rushing his wife or his girlfriend in and out of the home in order to go somewhere else to watch the game or just because he doesn’t feel like looking at houses that day. Your key customer is the woman and you want her to be able to tour the home patiently without distraction.

Follow these tips and you will be on your way to a successful open house. The faster the home sells the faster you aren’t paying the mortgage and can move on to your next home to flip.

Tear Out Carpet. Install Hardwood Floor.

beautiful hardwood floor

The number one factor that sells a home is the location. There is nothing you can do about that. But there are several other proven factors and repairs that can increase the chance of flipping a home for a profit.

Homes with natural light flip fast as do homes with new roofs and other foundational elements and utilities. From a décor standpoint, it’s been proven that homes with hardwood floor and not carpet will flip faster.

If the home you want to flip has carpet floors, it is time to tear out the carpet and install hardwood floor instead or refinish the hardwood floor beneath the carpet.

Why Do Home Buyers Love Hardwood?

Installing hardwood floor or even refinishing a hardwood floor is not a cheap or easy project so you probably want to know why do home buyers love hardwood floor before you proceed in the project.

One reason hardwood floor is popular is the durability. A true hardwood floor is able to last the entire lifetime of a home. Hardwood and even laminate floor is very durable and will last longer than carpet. A carpet only lasts from 5-10 years on average.

If a home has hardwood floor the buyer can be confident they will not need to upgrade the floor or invest in it after purchasing the home as it will meet their needs for many years.

Another reason is that hardwood floor is very easy to maintain. You only need to wipe down a hardwood floor with a dry mop every couple of days and sometimes with a washcloth or cleaning rag. You need to vacuum carpet much more often and you need to hire professional carpet cleaners near you once or twice each year.

NOTE: If you decide to not tear out the carpet, at a minimum you need to hire a carpet cleaner before the first open house. Learn more at naturescarechemdry.com.

You will also find a hardwood floor is more suited for pets especially if a cat or kitten has been declawed. You do not want the pet to scratch or claw the floor but this often is not a concern with older and trained animals whereas even old animals will sometimes urinate or go to the bathroom on a carpet floor and create a very harmful stain.

The last reason that hardwood floor is so popular is because it is very versatile. A hardwood floor can complement almost any type of décor or motif. Hardwood floor suits a traditional or classic home or a modern home and can be decorated with bold and bright rugs if a little more color is needed in a room or home. You can place sleek and contemporary furniture on hardwood floor or more plush and comfortable furniture too.

You can see there are several reasons why home buyers prefer hardwood floor over carpet and why you should invest some of your home remodel and repair budget into the home you want to flip into installing a new and beautiful hardwood floor.

Projects to Increase Natural Light in Your Home

natural light window

Every home looks much better in natural light instead of fashionable artificial lights.

There is no doubt to say that you may find so many attractive pieces of artificial light in the market but in actual the impact of natural light, use to be incredible. It automatically boosts mood and happiness of family members and the great news is that it costs nothing. That’s definitely great.

The sad fact is that most of the homes are not designed by keeping this concept in mind. People often have a very small area to welcome the direct sunlight.

So, if you got the idea of natural light at a later stage then also it doesn’t mean that you cannot do anything now. There are few tricks to make things possible as per your choice.

Go through the tips and tricks below to implement the natural light arrangement in your home:

White paint is the perfect choice for eaves:

Have you ever noticed the overhangs created from your roof? They create the first impression on eyes when you look out of your window and they are well known as eaves.

The fact is that when they are colored with dark pain, they create a darker impression for the light inside. The best idea is to paint them with light color and let them reflect the natural light inside your rooms. Even if your home project is over, you can repaint them within very less time and at low cost.

Wall ceiling paint ideas:

You might have ignored the idea to paint your walls with light color but the impact of light paint on room light is really impressive. When interior walls are painted with light color, they reflect more natural light inside and your living space will naturally have a brighter appearance. Set the Light Reflectance Value somewhere around white by reducing the impact of black.

Gloss paint can do miracles:

Most of you might have heard about gloss paint. Professionals reveal that higher gloss level in interior paint means more reflectance and the process naturally leads to more light bounce off.

The higher value of gloss can automatically create a mirror-like effect in your rooms and you will have a more natural light inside.

Reflective tiles in bathroom and kitchen:

Here is one more interesting thing to do. You can prefer to install latest glass tiles in your bathroom and kitchen as they create 100% natural light impact.

If you don’t want to invest in glass tiles then next option is glossy ceramic tiles that are capable enough to create attractive brighter finish in the area.

Install skylights:

They are amazing choice to welcome natural light inside. The idea of skylights was recently launched but it got a positive response from the market and today most of the homeowners in urban cities prefer to install them.

Skylights are also named as a window on the roof. They have the ability to allow brightness of sunlight inside the home so that everything can stay beautiful around.

Roof Repair for Flipping Homes

roof repair image

We provided some DIY repair projects you can complete to flip a home and save some money in your remodel budget. However, some projects are too large for DIY and require hiring a professional service to complete them.

One major repair project that comes up often in attempting to flip a home is the roof. You will need to decide whether it is worth the investment to repair the roof in order to increase the odds of selling the home.

If you feel the roof repair will significantly increase the resale value than you should do it but in most cases a roof is not a profitable investment. That being said, if the home won’t pass an inspection without a new roof, you will have no choice.

Insured & Certified Roof Installer

Don’t cut corners when it comes time to hire the service for roof installation or repair. Do your research and be sure to hire a professional with an excellent reputation and quality reviews from past customers.

Be sure the professional roofer is insured. Your remodel budget will be destroyed if you foot the bill for injuries that occur to the roofer or anyone in his crew during the repair or installation.

You also need to be sure the roofer is certified in his state. The reason this is important is that most home insurance companies will not cover a roof if it is repaired or installed by a professional that doesn’t have certification.

This is another reason it is important to do the repair on the books and not under the table. You might be able to cut costs by paying the professional in cash but you will then not receive the proper certification and documentation for the service on the roof.

A roof repair or installation can require 1-2 weeks to complete depending on the time of year and how busy the contractor or professional is. Be sure to schedule the service the moment you feel it will be a necessity to flip the home.

You should be able to recoup the cost of the roof repair or close to it even if you are unable to profit from installing a new roof on the home.

DIY Repairs for Flipping Homes

flipping home for sale

In order to flip a home, you will need to complete various repairs and upgrades to appeal to potential buyers.

The first thing you must do is determine how much you want to sell the home for and your estimated profit after the cost of the home and real estate fees. That figure will tell you how much money you have to spend on remodeling and repairs.

You can reduce the cost of a remodel and profit more from flipping a home if you complete some of the upgrades and repairs on your own. This will reduce the labor costs of hiring professional contractors and home service providers.

Don’t cut corners when it comes to roof repairs, appliance repair or electrical upgrades. Those types of repairs should be done by a licensed contractor. However, you can save money if you are able to complete a few DIY tasks on your own.

Here is a list of some of the easier projects that will add value to a home and don’t require hiring a professional:

(1) Painting

You can paint all of the interior rooms of a home on your own.

I recommend you paint rooms in neutral colors and ignore your own interior design preferences for more standard color options.

Blue tones are another popular color for bathrooms and kitchens if you want to variate from tans and white tones.

(2) Demolition

You can complete the demolition portion of a kitchen or bathroom remodel on your own. Tearing out old cabinets and countertops requires basic tools and a little elbow grease. Wear the proper safety gear to avoid injury and you should have no trouble demolishing a bathroom or kitchen without the need for a professional home contractor.

(3) Landscaping

Plant bushes in the front yard of the home and be sure to mow the lawn and tidy up all debris. You should rake the leaves in the fall and shovel snow in the winter. You could also plant a garden bed and plant full-grown flowers in it for color.

(4) Cleaning

You don’t need to hire a maid service or janitorial service. Wipe down all surfaces of the bathroom and kitchen with cleaning products and vacuum the carpet. Be sure to dust tables and surfaces in the living room and in bedrooms. The most important rooms are the bathroom and the kitchen. These rooms need to be 100% clean when potential buyers arrive at the home.

(5) Staging

Professional home stagers are well worth their fees but if your budget is getting tight you can forgo this cost and stage the home on your own. Incorporate bright lighting throughout the home and fresh flowers if possible. Leave a lot of open spaces throughout the room and be sure there are no personal items on display.

The amount of DIY projects you can complete before flipping a home depend on your comfort level with various tools and repairs but the ones listed above should be possible for anyone interested in cutting some of the costs involved in flipping a home.